China GDP Growth revised upwards

China raised GDP for 2008 to 31.4045 trillion yuan from the previous figure of 30.067 trillion yuan. The new figure amounted to about 4.59 trillion U.S. dollars, at the exchange rate on Dec. 31 of 2008. China’s gross domestic product was 4.5% larger in 2008 than it had previously estimated.

The revised volume for the agriculture sector was 3.3702 trillion yuan, accounting for 10.7 percent of GDP, down from 3.4 trillion yuan.

The figure for the industrial sector was put at 14.9003 trillion yuan, accounting for 47.5 percent of GDP, larger than the earlier figure of 14.6183 trillion yuan.